Daily Economic Roundup - April 6, 2011
What's on the Economic Horizon
German Factory Orders Report Due
U.K. Manufacturing Production up by 0.6%
Ivey PMI to Dip from 69.3 to 65.1 in March
United States
"I'll have one of everything!" said the dollar as it chalked up mixed results across the boards. Maybe it's because the U.S. economy also received mixed feedback yesterday from non-manufacturing data and the FOMC minutes. The dollar ended practically unchanged against the euro, while posting a big win against the yen and a big loss against the pound. More...
Euro Zone
The big day for the euro is fast approaching! The ECB rate decision is due tomorrow and I'm sure plenty of traders out there are expecting to see a hike. In fact, euro bulls are so optimistic that they were able to push EUR/USD to close above 1.4200 even after it dipped to a low of 1.4151! More...
United Kingdom
It's hunting season baby! Did you see the pound shoot down bears yesterday? Bears on GBP/USD got fried when it skyrocketed up the charts to close the day at 1.6278 with a 153-pip win. Meanwhile, GBP/JPY ended the day a whopping 257 pips above its opening price at 138.08. Boo yeah! More...
Japan
If you thought you had a bad day yesterday, just look at how the yen performed on the charts! The Asian currency fell to its 11-month low against the Aussie, pound, euro, and Loonie. Meanwhile, against the dollar, it closed at its six-month low at 84.87. More...
Canada
Take that, Greenback! The Loonie fought back against the U.S. dollar yesterday, pushing USD/CAD back down near its former lows. The pair opened at .9674, reached a low of .9627, before ending the day at .9638. More...
Australia
To Aussie bears, there ain't nothing sweeter than disappointing economic data and hawkish words. And yesterday, we got both! It's no wonder then that AUD/USD trended lower for most of the day, ending 35 pips lower at 1.0328 after tapping an intraday low of 1.0288. More...
New Zealand
Just like Triple H, the Kiwi tapped out of joust against the dollar yesterday. The two currencies wrestled for pips all the way to an intraday high of .7724 before the dollar got the upper hand and pushed NZD/USD to close 3 pips lower from its opening price at .7676. More...
Switzerland
Absolutely boring! With no reports to support it, the Swissy hardly moved on the charts and inched just a few pips lower yesterday. USD/CHF finished 18 pips higher at .9253 while EUR/CHF climbed 28 pips to 1.3158. More...
Related Posts:
- Daily Economic Roundup - January 19, 2011 21:41 18 January 2011
- Daily Economic Roundup - March 3, 2011 22:19 02 March 2011
- Daily Economic Roundup - October 22, 2010 22:00 21 October 2010
- Daily Economic Roundup - February 16, 2011 22:04 15 February 2011
- Daily Economic Roundup - April 14, 2011 22:47 13 April 2011
Forex Blog: Pipnoculars

Every day, I will present to you my findings and daily commentaries on what recently happened in the economic arena, possible shifts in sentiment, economic events to watch out for, and their effects on currencies. This blog, however, is not an economic crystal ball. I am not a fortune teller - I will simply try to piece together some economic updates so I can provide you with my scholarly opinions and analysis on the markets for a ‘sneak preview’ on what lies ahead.
